Friday, March 26, 2010

Florida unemployment reaches 12.2 percent

I don't think this was the "change" they were hoping for.
Florida's unemployment rate jumped to 12.2 percent in February, the highest since the state began tracking such data in 1970.

The previous record of 11.9 percent was set in May, 1975 in the aftermath of the '73-'74 recession. Economists believe that unemployment was far higher for the state during the Great Depression, when the national jobless figure reached as high as 25 percent.

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